| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 2.8K | 31.2% |
| Total Income | 2.8K | 31.2% |
| Expenditure | 2.0K | 39.6% |
| PBT | 1.3K | 112.9% |
| Net Profit | 1.2K | 139.8% |
| OPM | 28.11% | 9.99pp |
| NPM | 41.95% | 29.91pp |
| EPS | 3.34 | 138.6% |
Western Digital Reports Q1 FY26 Revenue $2.82 Billion, Up 27% Y-o-Y
04 May 2026 · 4 May, 8:23 am
Summary
Western Digital reported strong Q1 FY26 financial results, with revenue reaching $2.82 billion, up 27% year-over-year. GAAP diluted EPS was $3.07, and non-GAAP diluted EPS was $1.78. The company's cash flow from operations was $672 million, and free cash flow was $599 million. For Q2 FY26, the company expects revenue to be up 20% year-over-year at the mid-point, with non-GAAP gross margin of 44.5% and non-GAAP EPS of $1.88.
Key Highlights
- 1
Western Digital reported revenue of $2.82 billion in Q1 FY26, an increase of 27% year-over-year.
- 2
GAAP diluted EPS was $3.07, while non-GAAP diluted EPS reached $1.78 for Q1 FY26.
- 3
The company generated $672 million in cash flow from operations and $599 million in free cash flow during the quarter.
- 4
Western Digital anticipates Q2 FY26 revenue to increase by 20% year-over-year at the mid-point.
- 5
GAAP gross margin was 43.5% and non-GAAP gross margin was 43.9% for Q1 FY26.
- 6
The Board of Directors has increased the quarterly cash dividend on the company’s common stock by 25% to $0.125 per share.
Management Comments
Irving Tan
Western Digital continues to execute well in a strong demand environment driven by growth of data storage in the cloud. In our fiscal first quarter, we achieved revenue and gross margin above the high end of our guidance range, while delivering strong free cash flow. As AI accelerates data creation, Western Digital’s continued innovation and operational discipline position us well to capture new opportunities and drive sustained shareholder value. Reflecting confidence in the company’s strong business momentum, the Board of Directors has increased the quarterly cash dividend on the company’s common stock by 25% to $0.125 per share.”1
Kris Sennesael
We expect continued revenue growth driven by data center demand, and improved profitability led by the adoption of our high-capacity drives. For our fiscal second quarter of 2026, at the mid-point of the ranges provided in the table below, we expect revenues of $2.9 billion, non-GAAP gross margin of 44.5%, with non-GAAP EPS of $1.88.”
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